Executive Summary:
- The Council of Representatives of the National Minimum Wage Commission set the minimum wages that will apply from January 1, 2024.
- From that date, general minimum wages and general minimum wages for professions, trades and special workers will increase by 20%.
The Council of Representatives of the National Commission on Minimum Wages (“CONASAMI”) published, in the Official Gazette of the Federation, the resolution through which it sets the minimum wages that will govern as of January 1, 2024.
From that date, general minimum wages will increase by 20%, and will therefore be as follows:
- Northern Border Free Zone (ZLFN): $374.89 pesos per day. 1
- Rest of the country: $248.93 pesos per day. 2
The amount of the general minimum wage results from three components.
- Current minimum wage (SGMV) as of January 1, 2023
- ZLFN: $312.41 MN
- Rest of the country: $207.44 pesos.
- Independent Recovery Amount (MIR)
- ZLFN: $41.26 MN
- Rest of the country: $27.40 MN
- Increase factor for fixation equal to 6.0% on the SMGV and the MIR.
- ZLFN: $21.22 MN
- Rest of the country: $14.09 MN
Likewise, general minimum wages for professions, trades and special workers will also have a 20% increase in both geographical areas.
The composition of the new minimum wage is relevant since the MIR is a fixed amount that aims to contribute to the recovery of the purchasing power of the minimum wage, therefore, according to CONASAMI itself, it should not be used as a reference to set increases in other wages in force in the labor market.
If you require additional information, please contact the partner responsible for your affairs or one of the partners mentioned below:
- It is made up of the following municipalities: Ensenada, Rosarito Beaches, Mexicali, Tecate, Tijuana, San Quintin and San Felipe, in the State of Baja California; Anahuac, in the State of Nuevo Leon; and Nuevo Laredo, Guerrero, Mier, Miguel Aleman, Camargo, Gustavo Diaz Ordaz, Reynosa, Rio Bravo, Valle Hermoso and Matamoros, in the State of Tamaulipas.
- Made up of the rest of the country's municipalities and the territorial demarcations of Mexico City that were not listed in the previous point and make up the Mexican Republic.
